The Central Bank of Bahrain (CBB) has granted a licence to Bahrain-based Investcorp Bank to establish Investcorp Gulf Investments.
The new firm has been granted an Investment Firm - Category Two licence from the CBB. It is being established to manage Investcorp's Gulf-focused funds, such as Gulf Opportunity Fund I and its Sharia-compliant version.
Investcorp specialises in private equity, hedge funds, real estate investment and technology investment.
A more recent line of business is Gulf Growth Capital, which aims to invest in greenfield projects or buyout opportunities in medium-sized companies in the Gulf region.
Client assets under management by Investcorp exceed $13 billion, while the bank's total assets stand at over $4.3bn.
Besides its headquarters in Bahrain, Investcorp has well established operations in London and New York.
Gulf Opportunity Fund I is the private equity fund of Investcorp's Gulf Growth Capital line of business. The fund, which is incorporated in Bahrain, will invest in private equity opportunities.
To read more on GDN, Click here
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment